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How long does the company have to take possession of the mobile home after notice of Repo?
Try this, if the repossession agent/hauler arrives at the home to find the debtor present, and hands him a copy of the Notice of Repossession, that is long enough. The problem you may run ito is that if the home is being occupied, you may also have to serve a Notice of Eviction as well. This can get complicated. It can take up to six months (in some cases a year) to legally evict in some states.
What happens if your mobile home is voluntarily repossessed in Texas and it is on property that you own seperately from the mobile home?
"Voluntary repossession" basically means you're telling the lienholder "Come repossess this; I'll make it easy for you." Since the lienholder has no interest in the property, that means they'll come take the mobile home itself (or you could take it to them), but the property itself won't be impacted except to the extent necessary to drive in a couple of tractors to haul away the mobile home.
What are the laws on mobile home Content repossession?
in most US states, legal repossession can take place regardless of location.Ans 2 - Again, not necessarily true. It depends on where you live.In BC , Canada, this comes under the new "Mobile Home Park Tenancy Act" - other provinces of Canada and maybe even some US States may now have similar acts.
What are the laws on mobile home repossession in Texas Can your land be taken away from you even though your land was not used as collateral?
In Texas, mobile home repossession laws allow lenders to reclaim a mobile home if the borrower defaults on their loan, even if the land is not used as collateral. However, the lender cannot take the land itself unless it was specifically included in the loan agreement. Borrowers have rights, including receiving proper notice and the opportunity to cure the default before repossession occurs. It's crucial to consult with a legal expert for specific cases and protections available under Texas law.
If you have a voluntary repossession can they take your home?
NO, they can attach a lien to be paid FIRST if/when the home is sold.
How long does it take to evict someone in Nevada from a mobile home?
What is the law to evict someone from rental home
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
What happens if your mobile home is voluntarily repossessed and it is in a mobile home park?
The bank or current lien holder will take possession of the mobile home after the required steps of repossession takes place. The bank or current lien holder of the mobile home is responsible for paying the lot rent unless the mobile home is sold to a secondary party such as an investor. At this point, the lot rent follows the ownership of the mobile home. In most cases, the larger banks who specialize in mobile home financing will pay atleast a portion of the lot rent. It is very important to contact the park owner to verify the amount of park rent that is due. This is very negotiable especially if the new owner of the mobile home plans on leaving the mobile home in the park. Note: The park owner is a great prospect to sell this mobile home to.
How long does it take for a mobile home to burn to the ground?
4 to 20 minutes, depending on conditions.
If a mobile home is not attached to Texas real property and I default on the mobile home what can the mortgage holder do?
Take the mobile home back and sell it.
Once the loan goes to the repossession department how long do you have before they take the car?
as soon as they can find it
What are the laws in Michigan on manufactured home repossession?
If a borrower defaults on loan payments for a manufactured home in Michigan, the creditor can take the manufactured home. If the manufactured home is real property the repossession and foreclosure is on the manufactured home alone. If the home is being used for residential purposes, the home is repossessed according to personal property laws.
